Electricity and natural gas[edit]
Delmarva Power has a 5,000-square-mile (13,000 km2) service area
located on the Delmarva Peninsula, serving much of the state of
DelawareDelaware and the Eastern Shore region of Maryland.[1] The company
provides electricity to 312,000 customers in
DelawareDelaware and 203,000
customers in
MarylandMaryland as well as natural gas to 129,000 customers in
northern Delaware.
Delmarva Power has 898 employees and operates 10
facilities and 160 substations.
History[edit]
The company was founded in 1909[1] as
DelawareDelaware Power & Light,
which served Delaware. In 1943,
DelawareDelaware Power & Light acquired
Eastern Shore Public Service Company, which served the Eastern Shore
region of
MarylandMaryland and the Eastern Shore region of Virginia. The name
of the company was changed to
Delmarva Power & Light in 1966 and
Delmarva Power in 1972.[2] In 1994,
Delmarva Power announced it would
acquire the Conowingo Power Company, the
MarylandMaryland retail electric
subsidiary of
PECO Energy Company that served 35,000 customers in
portions of Cecil and Harford counties, for $150 million.[3][4] This
acquisition was completed on June 19, 1995.[5]
In 1998,
Delmarva Power acquired Atlantic Energy, which owned Atlantic
City Electric in New Jersey, for $968 million. The merged utility
company became known as Conectiv Power Delivery. Conectiv Power
Delivery was acquired by the
Potomac Electric Power CompanyPotomac Electric Power Company in 2002
for $5.4 billion, which resulted in
Pepco HoldingsPepco Holdings being created as a
holding company that owned both utility companies.[6] In 2005, Pepco
Holdings brought back the
Delmarva Power and Atlantic City Electric
names in place of Conectiv Power Delivery.[7]
Between 1981 and 2006,
Delmarva Power operated and maintained the
municipally-owned St. Michaels Electric Utility, which served 4,000
customers in the town of St. Michaels,
MarylandMaryland and surrounding areas,
under a lease agreement.[8][9] On October 15, 2006, the St. Michaels
Electric Utility was acquired by
Choptank Electric CooperativeChoptank Electric Cooperative for
$12.2 million, ending Delmarva Power's lease of the system.[9] In
2008,
Delmarva Power sold its service area in the
VirginiaVirginia portion of
the Delmarva Peninsula, which consisted of 22,000 customers, to
A&N Electric Cooperative and
Old Dominion Electric Cooperative for
$44 million.[2]
On April 30, 2014,
ExelonExelon announced that it would acquire Pepco
Holdings, the parent company of Delmarva Power. The merger was
initially rejected by the District of Columbia Public Service
Commission in August 2015, although other federal and state regulators
approved of the merger. After revised terms, the District of Columbia
Public Service Commission approved the merger on March 23, 2016, and
the $6.8 billion acquisition of
Pepco HoldingsPepco Holdings by
ExelonExelon was completed
the same day. As a result,
ExelonExelon serves as the parent company of
Delmarva Power.[10]
Community[edit]
Since 2012,
Delmarva Power had donated over $4.7 million to more than
750 organizations.[11]
Delmarva Power supports of educational,
environmental, arts and culture, and community development
organizations. Delmarva Power’s employees give thousands of hours in
time and talent as board members, coaches, and volunteers to support
community nonprofit organizations.[12]
References[edit]